NASDAQ:MRVLMarvell Technology Group Stock Price, Forecast & News

Marvell Technology Group's stock was trading at $22.01 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization. Since then, MRVL shares have increased by 73.2% and is now trading at $38.12. View which stocks have been most impacted by Coronavirus.

24 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Marvell Technology Group in the last year. There are currently 1 sell rating, 3 hold ratings and 20 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for Marvell Technology Group.

Marvell Technology Group is scheduled to release its next quarterly earnings announcement on Thursday, September 3rd 2020. View our earnings forecast for Marvell Technology Group.

Marvell Technology Group Ltd. (NASDAQ:MRVL) announced its earnings results on Thursday, May, 28th. The semiconductor company reported $0.18 earnings per share for the quarter, topping the Thomson Reuters' consensus estimate of $0.14 by $0.04. The semiconductor company earned $694 million during the quarter, compared to the consensus estimate of $680.19 million. Marvell Technology Group had a return on equity of 2.82% and a net margin of 55.66%. The company's quarterly revenue was up 4.8% on a year-over-year basis. During the same period last year, the company posted $0.16 earnings per share. View Marvell Technology Group's earnings history.

Marvell Technology Group declared a quarterly dividend on Thursday, June 25th. Stockholders of record on Monday, July 13th will be paid a dividend of $0.06 per share on Wednesday, July 29th. This represents a $0.24 dividend on an annualized basis and a yield of 0.63%. The ex-dividend date is Friday, July 10th. View Marvell Technology Group's dividend history.

Marvell Technology Group announced that its Board of Directors has approved a share buyback plan on Tuesday, October 16th 2018, which allows the company to repurchase $1,000,000,000.00 in shares, according to EventVestor. This repurchase authorization allows the company to reacquire up to 7.9% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company's management believes its shares are undervalued.

Marvell Technology Group updated its second quarter earnings guidance on Thursday, May, 28th. The company provided earnings per share guidance of $0.17-$0.23 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.17. The company issued revenue guidance of $684-$756 million, compared to the consensus revenue estimate of $687.06 million.

24 analysts have issued twelve-month price targets for Marvell Technology Group's shares. Their forecasts range from $18.00 to $42.00. On average, they expect Marvell Technology Group's share price to reach $32.41 in the next twelve months. This suggests that the stock has a possible downside of 15.0%. View analysts' price targets for Marvell Technology Group.

Media headlines about MRVL stock have trended negative on Friday, InfoTrie Sentiment reports. The research firm rates the sentiment of news coverage by monitoring more than six thousand news and blog sources in real time. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Marvell Technology Group earned a news sentiment score of -2.3 on InfoTrie's scale. They also assigned news articles about the semiconductor company a news buzz of 0.0 out of 10, indicating that recent news coverage is extremely unlikely to have an impact on the company's share price in the near term. View the latest news about Marvell Technology Group.

Marvell Technology Group saw a drop in short interest in the month of June. As of June 30th, there was short interest totaling 16,600,000 shares, a drop of 34.5% from the June 15th total of 25,360,000 shares. Based on an average trading volume of 9,860,000 shares, the days-to-cover ratio is presently 1.7 days. Currently, 2.5% of the shares of the stock are short sold. View Marvell Technology Group's Current Options Chain.

Some companies that are related to Marvell Technology Group include NVIDIA (NVDA), Intel (INTC), Broadcom (AVGO), Texas Instruments (TXN), Micron Technology (MU), Analog Devices (ADI), Microchip Technology (MCHP), Xilinx (XLNX), Skyworks Solutions (SWKS), Maxim Integrated Products (MXIM), Monolithic Power Systems (MPWR), Cree (CREE), Inphi (IPHI), First Solar (FSLR) and Silicon Laboratories (SLAB). View all competitors.

Based on aggregate information from My MarketBeat watchlists, some companies that other Marvell Technology Group investors own include NVIDIA (NVDA), Micron Technology (MU), Advanced Micro Devices (AMD), Alibaba Group (BABA), Walt Disney (DIS), QUALCOMM (QCOM), Cisco Systems (CSCO), Intel (INTC), AbbVie (ABBV) and salesforce.com (CRM).

Marvell Technology Group trades on the NASDAQ under the ticker symbol "MRVL."

Marvell Technology Group's stock is owned by a number of institutional and retail investors. Top institutional investors include Robecosam AG (0.23%), Envestnet Asset Management Inc. (0.04%), State of Alaska Department of Revenue (0.03%), First American Trust FSB (0.02%), DNB Asset Management AS (0.01%) and IBM Retirement Fund (0.00%). Company insiders that own Marvell Technology Group stock include Andrew Micallef, Dan Christman, Dean E Jr Jarnac, Jean X Hu, Matthew J Murphy, Michael G Strachan, Mitchell Gaynor, Oleg Khaykin, Richard Hill, Syed Ali and Willem A Meintjes. View institutional ownership trends for Marvell Technology Group.

MRVL stock was sold by a variety of institutional investors in the last quarter, including State of Alaska Department of Revenue, and IBM Retirement Fund. Company insiders that have sold Marvell Technology Group company stock in the last year include Andrew Micallef, Dan Christman, Dean E Jr Jarnac, Jean X Hu, Matthew J Murphy, Michael G Strachan, Mitchell Gaynor, Oleg Khaykin, Richard Hill, and Willem A Meintjes. View insider buying and selling activity for Marvell Technology Group.

MRVL stock was acquired by a variety of institutional investors in the last quarter, including Robecosam AG, Envestnet Asset Management Inc., DNB Asset Management AS, First American Trust FSB, Livforsakringsbolaget Skandia Omsesidigt, and Ellevest Inc.. Company insiders that have bought Marvell Technology Group stock in the last two years include Jean X Hu, and Michael G Strachan. View insider buying and selling activity for Marvell Technology Group.

Shares of MRVL can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

One share of MRVL stock can currently be purchased for approximately $38.12.

Marvell Technology Group has a market capitalization of $25.36 billion and generates $2.70 billion in revenue each year. The semiconductor company earns $1.58 billion in net income (profit) each year or $0.32 on an earnings per share basis. Marvell Technology Group employs 5,633 workers across the globe.

The official website for Marvell Technology Group is www.marvell.com.

Marvell Technology Group's mailing address is 22 VICTORIA STREET, HAMILTON D0, HM 12. The semiconductor company can be reached via phone at 441-296-6395 or via email at [email protected]